AMENDED CUSTODIAL UNDERTAKING IN CONNECTION WITH MASTER REPURCHASE AGREEMENT
EXHIBIT (h)(17)(i)
AMENDED
CUSTODIAL UNDERTAKING IN CONNECTION
WITH MASTER REPURCHASE AGREEMENT
THIS AMENDED CUSTODIAL UNDERTAKING IN CONNECTION WITH MASTER REPURCHASE
AGREEMENT (the "Agreement"), dated as of June 2, 2003, is by and between each
Investment Company and/or Portfolio Series or Fund of each Investment Company
Identified on Schedule A hereto ("Buyer"), Xxxxxxx, Xxxxx & Co. ("Seller"), and
The Bank of New York ("Custodian").
WITNESSETH:
WHEREAS, Buyer, Seller and Custodian are parties to that certain
Custodial Undertaking in Connection with Master Repurchase Agreement dated as of
March 13, 2003 (the "Custodial Undertaking Agreement"); and
WHEREAS, Buyer, Seller and Custodian desire to amend the Custodial
Undertaking Agreement to add the portfolio series or funds set forth on Exhibit
I (the "Added Funds"), and further to change Schedule A and Schedule III to
reflect the addition of such Added Funds, as set forth herein;
NOW, THEREFORE, for and in consideration of the foregoing and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Buyer, Seller and Custodian agree that the Custodial Undertaking
Agreement is hereby amended as follows:
1. SCHEDULE A shall be replaced in its entirety with the
attached SCHEDULE A thereby adding the Added Funds.
2. SCHEDULE III shall be replaced in its entirety with
the attached SCHEDULE III thereby adding the account
information relating to Added Funds.
IN WITNESS WHEREOF, the parties have executed this Agreement, as of the
day and year first above noted, to be effective June 2, 2003.
Buyer: EACH INVESTMENT COMPANY AND/OR PORTFOLIO SERIES OR FUND OF
EACH INVESTMENT COMPANY IDENTIFIED ON SCHEDULE A
By:/s/Xxxxxxx X. Xxxxxx
-------------------------------------------
Xxxxxxx X. Xxxxxx, Executive-Vice President
Seller: XXXXXXX, SACHS & CO.
By:/s/ Xxxxxx X. Xxxxxxx
-------------------------------------------
Title: Vice President
-------------------------------------------
1
6/2/03
Custodian: THE BANK OF NEW YORK
By: /s/ Xxxxxx X. Xxxxxxxx
------------------------------------
Title: Vice President
2
EXHIBIT I
ADDED FUNDS - JUNE 2, 2003
ING SERIES FUND, INC.
ING Strategic Allocation Growth Fund
ING Strategic Allocation Balanced Fund
ING Strategic Allocation Income Fund
ING Balanced Fund
ING Bond Fund
ING Government Fund
ING Index Plus Protection Fund
ING Aeltus Money Market Fund
ING Classic Principal Protection Fund I
ING Classic Principal Protection Fund II
ING Classic Principal Protection Fund III
ING Classic Principal Protection Fund IV
Brokerage Cash Reserves
ING Growth and Income Fund
ING Growth Fund
ING Index Plus LargeCap Fund
ING Index Plus MidCap Fund
ING Index Plus SmallCap Fund
ING Small Company Fund
ING Value Opportunity Fund
3
SCHEDULE A
LIST OF ALL FUNDS AS OF JUNE 2, 2003
ING GET FUNDS
ING GET Fund-Series V
ING SERIES FUND, INC.
ING Strategic Allocation Growth Fund
ING Strategic Allocation Balanced Fund
ING Strategic Allocation Income Fund
ING Balanced Fund
ING Bond Fund
ING Government Fund
ING Index Plus Protection Fund
ING Aeltus Money Market Fund
ING Classic Principal Protection Fund I
ING Classic Principal Protection Fund II
ING Classic Principal Protection Fund III
ING Classic Principal Protection Fund IV
Brokerage Cash Reserves
ING Growth and Income Fund
ING Growth Fund
ING Index Plus LargeCap Fund
ING Index Plus MidCap Fund
ING Index Plus SmallCap Fund
ING Small Company Fund
ING Value Opportunity Fund
4
SCHEDULE III
LIST OF ALL FUNDS' ACCOUNT INFORMATION
Account Information for Delivery of Buyer's Securities and Cash
ABA#: 000000000
GLA/111-567 (only for Tri Party Repo's)
Bank/Custodian: The Bank of New York
ACCOUNT
ACCOUNT NAME NUMBER CID ORG-CODE
------------ ------ ------------- -----------
ING GET Fund - Series V 464644 901468 - 2152 033-001-025
ING Strategic Allocation Balanced Fund 464719 901468 - 1970 033-001-025
ING Strategic Allocation Growth Fund 464720 901468 - 1954 033-001-025
ING Strategic Allocation Income Fund 464722 901468 - 1962 033-001-025
ING Balanced Fund 464764 901468 - 1245 033-001-025
ING Bond Fund 464068 901468 - 1261 033-001-025
ING Government Fund 464076 901468 - 1660 033-001-025
ING Index Plus Protection Fund 464712 901468 - 1814 033-001-025
ING Aeltus Money Market Fund 464064 901468 - 1997 033-001-025
ING Classic Principal Protection Fund I 464707 901468 - 2527 033-001-025
ING Classic Principal Protection Fund II 464708 901468 - 2535 033-001-025
ING Classic Principal Protection Fund III 464709 901468 - 2896 033-001-025
ING Classic Principal Protection Fund IV 464710 901468 - 2381 033-001-025
Brokerage Cash Reserve 464062 901468 - 1989 033-001-025
ING Growth & Income Fund 464723 901468 - 1164 033-001-025
ING Growth Fund 464762 901468 - 1172 033-001-025
ING Index & SmallCap Fund 464725 901468 - 1210 033-001-025
ING Index Plus LargeCap Fund 464726 901468 - 1369 033-001-025
ING Index Plus MidCap Fund 464727 901468 - 1202 033-001-025
ING Small Company Fund 464729 901468 - 1148 033-001-025
ING Value Opportunity Fund 464730 901468 - 1199 033-001-025
5
SCHEDULE I
SCHEDULE OF ELIGIBLE SECURITIES
Custodial Undertaking in Connection with Master Repurchase Agreement
dated as of March 13, 2003, among Each Investment Company and/or Portfolio
Series or Fund of Each Investment Company Identified on Schedule A Hereto
("Buyer"), Xxxxxxx, Xxxxx & Co. ("Seller") and The Bank of New York.
YES/NO MARGIN YES/NO MARGIN
------ ------ ------ ------
U.S. TREASURIES GNMA
--------------- ----
BILLS YES 102% TRUST RECEIPTS NO
------ ---- ------ ------
BONDS YES 102% GNMA I/II-SINGLE FAMILY NO
------ ---- ------ ------
NOTES YES 102% GNMA I/II-OTHERS-FTXED RATE NO
------ ---- ------ ------
STRIPS YES 103% GNMA I/II OTHERS-ADJUST. RATE NO
------ ---- ------ ------
SYNTHETIC TREASURIES NO
------ ----
(e.g. CATS,COUGRS,TIGRS) AGENCY MORTGAGE BACKS
---------------------
TRUST RECEIPTS NO
------ ------
AGENCY DEBENTURES PASS THROUGHS-FIXED RATE NO
------------------------------ ------ ------
FAMC (Fed Agriculture Mtge
Corp) NO PASS THROUGHS-ADJUST. RATE NO
------ ---- ------ ------
FCFAC (Farm Credit Xxxxx.
Asst.) YES 102% MBS.STRIPS (IO,PO,RECOMB) NO
------ ---- ------ ------
FFCB (Farm Credit System
Banks) YES 102%
------ ----
FmHA (Farmers Home Admin.) NO AGENCY REMICS/CMOS
------ ---- ------------------
FHLB (Federal Home Loan
Banks) YES 102% REMIC TYPES:
FHLMC (Federal Home Loan
Mtge) YES 102% RESIDUALS NO
------ ---- ------ ------
FICO (Financing
Corporation) NO INVERSE IO FLOATERS NO
------ ---- ------ ------
FLBB (Federal Land Bank
Bonds) YES 102% lOettes NO
------ ---- ------ ------
FNMA (Federal Nat'l Mtge
Corp) YES 102% INTEREST ONLY (IO) NO
------ ---- ------ ------
REFCO (Resolution Funding
Corp) YES 102% PRINCIPAL ONLY (PO) NO
------ ---- ------ ------
SLMA (Student Loan Mtge
Corp) YES 102% INVERSE FLOATERS NO
------ ---- ------ ------
TVA (Tennessee Valley
Authority) NO COMPANION FLOATERS NO
------ ---- ------ ------
USPS (U.S. States Postal
Service) NO SEQUENTIAL FLOATERS NO
------ ---- ------ ------
AGENCY STRUCTURED NOTES NO PAC & OTHER SEQUENTIAL FLOATERS NO
------ ---- ------ ------
Z BONDS NO
------ ------
INTERNATIONAL AGENCIES COMPANION BONDS NO
------ ------
ADBB (Asian Development
Bank) NO SEQUENTIAL BONDS NO
------ ---- ------ ------
AFDB (African Development
Bank) NO TAC BONDS NO
IADB (Inter-American Dev. ------ ---- ------ ------
Bank) NO PAC & OTHER SCHEDULED BONDS NO
------ ---- ------ ------
IFCO (International Finance
Corp) NO
------ ----
WLDB (World Bank) NO EQUITIES
------ ---- --------
COMMON NO
------ ------
CASH YES 100% PREFERRED NO
------ ---- ------ ------
YES/NO MARGIN
------ ------
U.S. TREASURIES PRIVATE LABELS MBS & CMOS
--------------- -------------------------
BILLS MBS PASS THROUGHS - Aaa only NO
------ ------
BONDS CMO TYPES:
NOTES RESIDUALS NO
------ ------
STRIPS INVERSE IO FLOATERS NO
------ ------
SYNTHETIC TREASURIES lOettes NO
------ ------
(e.g.CATS,COUGRS,TIGRS) INTEREST ONLY (IO) NO
------ ------
PRINCIPAL ONLY (PO) NO
------ ------
AGENCY DEBENTURES INVERSE FLOATERS NO
------ ------
FAMC (Fed Agriculture Mtge
Corp) COMPANION FLOATERS NO
------ ------
FCFAC (Farm Credit Xxxxx.
Asst.) SEQUENTIAL FLOATERS NO
------ ------
FFCB (Farm Credit System
Banks) PAC & OTHER SEQUENTIAL NO
------ ------
FmHA (Farmers Home Admin.) Z BONDS NO
------ ------
FHLB (Federal Home Loan
Banks) COMPANION BONDS NO
------ ------
FHLMC (Federal Home Loan
Mtge) SEQUENTIAL BONDS NO
------ ------
FICO (Financing
Corporation) TAC BONDS NO
------ ------
FLBB (Federal Land Bank
Bonds) PAC & OTHER SCEDULED BONDS NO
------ ------
FNMA (Federal Nat'l Mtge
Corp)
REFCO (Resolution Funding
Corp) ASSET BACKED SECURITIES
-----------------------
SLMA (Student Loan Mtge
Corp) CREDIT CARD & OTHER ASSET BACKS NO
------ ------
TVA (Tennessee Valley
Authority)
USPS (U.S. States Postal
Service) CORPORATES
----------
AGENCY STRUCTURED NOTES INVESTMENT GRADE (> or = BBB-) NO
------ ------
NON-INVESTMENT GRADE (< or = BB+)
------ ------
INTERNATIONAL AGENCIES MEDIUM-TERM NOTE (> or = BBB-) NO
------ ------
ADBB (Asian Development
Bank) MEDIUM-TERM NOTE (< or = BB+) NO
------ ------
AFDB (African Development
Bank)
IADB (Inter-American Dev.
Bank) MONEY MARKETS
-------------
IFCO (International Finance
Corp) COMMERCIAL PAPER (> or = A1/P1) NO
------ ------
WLDB (World Bank) COMMERCIAL PAPER (< or = A2/P2) NO
------ ------
BANKERS ACCEPTANCE NO
------ ------
CASH CD (DOMESTIC & EURO) NO
------ ------
BANK NOTES. NO
------ ------
BUYER ACKNOWLEDGES AND AGREES THAT IF A CLASS OF SECURITY CONTAINS NEW ISSUES
OF SECURITIES, SUCH NEW ISSUES OF SECURITIES SHALL BE DEEMED TO BE ELIGIBLE
SECURITIES.
Each Investment Company and/or Portfolio Series or Xxxxxxx, Sachs & Co. ACCEPTED:
Fund of Each Investment Company Identified on
Schedule A Hereto
4/4/03
THE BANK OF NEW YORK
By: /s/ Xxxxxx X. Naka BY: /s/ Xxxxx Xxxxxxxxxx BY: /s/ Xxxxxx X. Xxxxxxxx
-------------------------------- -------------------- --------------------------
Title: SVP Title: Title:
------------------------------ ------------------ -----------------------
Date: Date: Date:
------------------------------- ------------------ ------------------------
1/2000 THE BANK OF NEW YORK
17
